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August was not good to the Greater Victoria real estate market. A total of 425 homes and other types of properties were sold through the Victoria Real Estate Board's Multiple Listing Service, down 102 from 527 in July and 339 from August of last year.
The housing market is showing progress two years after the credit crunch drove down home prices, though ita s too soon to a oedeclare victory,a Housing and Urban Development Secretary Shaun Donovan said.